Medical Office
For Sale
$1,500,000
Pending
100 Cunningham Lane, Clayton, NC 27527
Commercial Sale, Clayton, NC
Property Size9,489 SF
Lot Size0.85 Acres
Days on Market368
Property Features for 100 Cunningham Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COM
Subdivision
Riverwood Athletic Club
Lot features
Level
Directions
From Hwy 264 take Smithfield Rd Exit. Turn R onto Smithfield Rd. Go approximately 8 miles to Riverwood Athletic Club. Turn Right on Athletic Club Blvd. At round about Turn right on Charleston then immediate left on Sarazen. First Left on Cunningham Lane. Commercial building is on your Right.
Standard status
Pending
APN
16i02009i
Size
7,036 SF
Lot size
0.85 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Tract B6 Riverwood Athletic Club 57/118-127
Tax Annual Amount
13822
Legal Description
Tract B6 Riverwood Athletic Club 57/118-127
Utilities
Heating system
Electric (Heating)
Building Details
Year built
2006
Flooring type
Laminate, Concrete
Building materials
Brick Veneer
Roof type
Shingle
Listing Agency:
HomeTowne Realty
(919) 550-7355
Listed By:
Diana May · License #302472
(919) 608-7702
Added: Sep 5, 2025
Changed: Aug 19
Last Checked: Sep 7 at 9:06PM
MLS# 100529077
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical office property was built in 2006 and features brick veneer construction, laminate and concrete flooring, electric heat, and a shingle roof. The building includes five leased units and is subject to COM zoning, supporting a range of commercial applications beyond its original medical-office design.
The property occupies 0.85 acres at 100 Cunningham Lane in Clayton, North Carolina, within the Riverwood Athletic Community. Its existing configuration combines established tenancy with a professional office setting and on-site parking.
The property occupies 0.85 acres at 100 Cunningham Lane in Clayton, North Carolina, within the Riverwood Athletic Community. Its existing configuration combines established tenancy with a professional office setting and on-site parking.
Key Highlights
- Medical office property built in 2006
- Five units currently leased
- COM commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$108,005
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,160,100
$2.2M
Cap Rate 7%
$1,542,929
$1.5M
Cap Rate 9%
$1,200,056
$1.2M
Market Conditions
NOI Build-Up for 7,036 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$173.1K $24.60/SF
− Vacancy
−$29.1K −$4.13/SF
EGI
$144.0K $20.47/SF
− OpEx
−$36.0K −$5.12/SF
NOI
$108.0K $15.35/SF
Area
Johnston County, NC
Vacancy
16.80%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,160,100
Cap Rate 7%
$1,542,929
Cap Rate 9%
$1,200,056
Alternative Uses
Best Use
Office B
$1.54M
$1.35M – $1.80M
NOI $108,005 @ 7.0% cap · market cap 7.20%
Second Best
Healthcare Medical
$1.41M
$1.23M – $1.64M
NOI $98,405 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,999 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 27527, NC
33,827
Population
13,179
Households
2.6
Avg Household Size
36
Median Age
45%
College-Educated
97%
High-School Grad
44.1 sq mi
ZIP Area
767
Density / Sq Mi
$111,011
Median Household Income
$53,357
Median Earnings
$1,617
Median Rent
$360,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Maple Ridge Mobile Veterinary Services, PLLC — 541 McCarthy Dr, Clayton, NC 27527
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercially zoned property with five leased units and flexible space for professional office uses.
Where is this medical office space located?
The property is located at 100 Cunningham Lane Clayton, NC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Medical office property built in 2006; Five units currently leased; COM commercial zoning
